Fmr LLC Has $79,000 Position in Viant Technology Inc. (NASDAQ:DSP)

Fmr LLC increased its holdings in shares of Viant Technology Inc. (NASDAQ:DSP) by 77.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,134 shares of the company’s stock after acquiring an additional 3,123 shares during the period. Fmr LLC’s holdings in Viant Technology were worth $79,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology in the second quarter valued at $47,000. Ashton Thomas Private Wealth LLC bought a new stake in Viant Technology in the second quarter valued at approximately $84,000. Mackenzie Financial Corp acquired a new position in Viant Technology in the second quarter valued at about $112,000. Victory Capital Management Inc. bought a new position in Viant Technology in the third quarter valued at approximately $122,000. Finally, Algert Global LLC bought a new stake in shares of Viant Technology in the second quarter valued at about $128,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the sale, the director now owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Larry Madden sold 2,768 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the transaction, the chief financial officer now owns 529,848 shares in the company, valued at $5,950,193.04. This represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,750 shares of company stock valued at $1,907,441. Corporate insiders own 28.80% of the company’s stock.

Viant Technology Price Performance

Shares of DSP opened at $19.25 on Tuesday. The firm has a market cap of $1.21 billion, a PE ratio of 320.89 and a beta of 1.00. The stock’s fifty day moving average price is $16.04 and its two-hundred day moving average price is $12.43. Viant Technology Inc. has a 1 year low of $6.31 and a 1 year high of $21.74.

Analyst Ratings Changes

Several equities research analysts have recently commented on DSP shares. Craig Hallum increased their price objective on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their price objective on Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Scotiabank started coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group lifted their price target on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, JMP Securities upped their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Viant Technology Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.